Replay - 074: The Benefits Of Learning Financial Literacy At The Age Of 15
10/13/22 • 38 min
In this episode you will hear Faith talk about how she learned financial literacy from me (her Dad). Through Faith's early conversations of financial literacy, at 15 years old, she learned the value of time and how to give value with her time to have higher earnings. Faith began working at the age of 17, she learned to have great work ethic, create her retirement account (Roth IRA) and save. Fatih also established her credit on her own, growing it from zero to 720 in 18 months and is continuing to grow it. From great work ethic, saving her money, understanding the difference between Wants and Needs, is what allowed her to purchase her first home all on her own. A truly inspiring story.
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In this episode you will hear Faith talk about how she learned financial literacy from me (her Dad). Through Faith's early conversations of financial literacy, at 15 years old, she learned the value of time and how to give value with her time to have higher earnings. Faith began working at the age of 17, she learned to have great work ethic, create her retirement account (Roth IRA) and save. Fatih also established her credit on her own, growing it from zero to 720 in 18 months and is continuing to grow it. From great work ethic, saving her money, understanding the difference between Wants and Needs, is what allowed her to purchase her first home all on her own. A truly inspiring story.
Don't forget to subscribe, like and share it with a friend or two!
Previous Episode
Replay - 073: Young Girl Learns How To Make Money With Her Grandmother Selling Food At Events
In this episode you will hear Anabel talk about when she was about 9 or 10 years old and she would go to work with her Grandmother at events and flea markets to sell food. Anabel realized the power of money and that she was then able to go and buy things that she wanted without asking someone else. Anabel also realized the value of money when she took a $20 bill to school and lost it and learned she really needed to take care of money. The 2 lessons she learned from her Mom were - 1. Don't spend more money than what you have and 2. Credit Cards are bad....Anabel's Mom did not explain why credit cards were bad. The only debt that Anabel has is Student Loan Debt, she was able to escape credit card debt when all the other students were racking up their credit cards in college. Continue listening as Anabel explains her goals with money after the age of 27.
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Replay - 075: A Latin's Perspective Of Handling Money
Listen as Dave talks about his Mom's tradition with money being born and raised in Mexico and how that helped Dave, as he was born and raised in Los Angeles. Dave explains how it affected his mindset with money and also Dave walks you through how he handles credit/debt, utilizing credit cards. Dave also breaks down how he is teaching his children how to responsibly use credit cards to their benefit and reap the rewards that credit cards can offer.
Although Dave's perspective on the handling of credit cards does not align with someone like Dave Ramsey who believes we should not use any credit cards or have any debt, I understand Dave's mindset is not for everyone but using credit cards responsibly can effectively grow credit and wealth.
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